True Forex Funds Comes Back with New Trading Technology

True Forex Funds, a proprietary trading firm, now uses Match-Trader and cTrader as its primary trading platforms. This comes following a significant challenge with MetaQuotes, the developer behind the popular MetaTrader platforms, which led to a temporary halt in True Forex Funds' operations.

Match-Trade Technologies, a California-based FX technology provider, developed Match-Trader. It is designed as a multi-asset trading platform and has been introduced as a secondary option for True Forex Funds clients. As of right now, the platform is accessible in a few nations, such as Sweden, Hungary, Austria, and Germany.

The introduction of Match-Trader is poised to provide True Forex Funds with a competitive edge due to Match-Trade's flat fee structure. This pricing model aids forex brokers in managing and predicting their technological costs more effectively. Match-Trade also offers a broad range of services tailored to broker needs, including hosting, MT white-label solutions, data feeds, and bridge and aggregation technology.

Their portfolio further extends to include risk management systems for A Book and B Book brokers and a cryptocurrency solution that has gained significant traction among FX brokers and crypto exchanges.

In addition to Match-Trader, True Forex Funds has undergone a significant change by moving to the cTrader platform, a change that the company celebrated in February as putting the company “back in the game.” This decision was made more than two weeks after MetaQuotes terminated True Forex Funds' licenses for the MT4 and MT5 platforms, prompting the firm to suspend its services temporarily.

The license termination stemmed from a dispute over the use of a third-party provider for equity synchronization, which has been part of True Forex Funds operations since 2021. According to Richard Nagy, CEO of True Forex Funds, the third-party provider connected to MetaTrader's client terminal in a way that MetaQuotes deemed unacceptable, leading to the abrupt license revocation.

Nagy expressed his frustration over the situation, noting the lack of warning from MetaQuotes and the challenges faced in vetting a partners software for compliance. Despite efforts to resolve the issue and regain their licenses, True Forex Funds eventually decided to shift to alternative trading platforms as it became evident that reconciliation with MetaQuotes was unlikely.

The switch to Match-Trader and cTrader marks a new chapter for True Forex Funds as it seeks to rebuild and expand its technological infrastructure. This strategic pivot not only diversifies their trading platform options but also reinforces their commitment to providing robust and flexible trading solutions to meet the evolving needs of their clients.